Analysis for July 30th, 2015
GBP USD, “Great Britain Pound vs US Dollar”
GBP USD, Time Frame H4. Indicator signals: Tenkan-Sen and Kijun-Sen are influenced by “Golden Cross” (1). Chinkou Lagging Span is on the chart, Ichimoku Cloud is going up (2), and the price is between Tenkan-Sen and Kijun-Sen, inside D Kumo. Short-term forecast: we can expect resistance from Tenkan-Sen – W Senkou Span A and support from Kijun-Sen – D Tenkan-Sen.
GBP USD, Time Frame H1. Indicator signals: Tenkan-Sen and Kijun-Sen intersected above Kumo Cloud and formed “Dead Cross” (1); all lines are horizontal. Chinkou Lagging Span is on the chart, Ichimoku Cloud is heading down (2), and the price is near the cloud’s upper border. Short-term forecast: we can expect support from Tenkan-Sen – Senkou Span B and resistance from Kijun-Sen – Senkou Span A.
XAU USD, “Gold vs US Dollar”
XAU USD, Time Frame H4. Indicator signals: Tenkan-Sen and Kijun-Sen are influenced by “Golden Cross” (1), but still close to each other. D Tenkan-Sen provided resistance. Chinkou Lagging Span is couldn’t stay above the chart, Ichimoku Cloud is still moving downwards, and the price is below the lines. Short‑term forecast: we can expect decline of the price.
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